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India GDP Data: India One Of Few Economies To Witness Growth In 2 Consecutive Quarters, Says Economic Review Report

According to Department of Economic Affairs, the higher economic growth during the fourth quarter may be linked to the unlocking phase and revival in business that was underway during the period. ....

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COVID's Bitter Pill: India's GDP Contracts 7.3% In FY'21

GDP for Q4 FY'21, however, grew at 1.6%, according to new data released by the NSO on Monday evening. ....

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India's GDP contracted by 7.3% in 2020-21, with revival postponed to 2022-23

Before 2021-22 started, many economists expected the GDP for this year to be greater than the GDP for 2019-20 ( ₹145.69 trillion). They expected the Indian economy to be back where it was before the pandemic struck. But from the looks of it, that’s now not going to happen in 2021-22 ....

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S&P, CRISIL, and ICRA cut India's GDP estimate due to Covid wave — Quartz India

The second wave of Covid-19 has made economists less hopeful about India’s growth prospects.
At least four leading rating agencies have trimmed their GDP growth forecasts for India for the financial year ending March 2022. These agencies had initially estimated double-digit growth for the Indian economy due to a low base and revival of business activities in the country after the first wave of Covid in 2020.
For instance, Mumbai-based CRISIL, which had earlier pegged India’s economic growth for fiscal 2022 at 11%, has lowered its estimate to 8.2% in a worst-case scenario.
India’s Covid-19 struggles
These sharp revisions in estimates come at a time when India is grappling with record Covid-19 deaths and new infections. As of May 19, the new infections remain above the 250,000-mark. The pandemic-related deaths have also stayed above the 3,500-mark. ....

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India's Retail Inflation in December Likely Fell to Within RBI Target

India s Retail Inflation in December Likely Fell to Within RBI Target
The fall came due to a significant drop in vegetable and food prices, a Reuters poll predicted.
A vendor sells vegetables at a retail market in Kolkata, India, December 12, 2018. Photo: Reuters/Rupak De Chowdhuri
Economy08/Jan/2021
Bengaluru: India’s retail inflation likely fell sharply in December, landing within the Reserve Bank of India’s target range, due to a significant drop in vegetable and food prices, a Reuters poll predicted.
The January 5-7 poll of around 45 economists suggested retail inflation fell to 5.28% in December from 6.93% in November.
“Food inflation â particularly vegetable prices â are beginning to correct since supply lines are being restored in food aided by good monsoons,” said Prithviraj Srinivas, chief economist at Axis Capital in Mumbai. ....

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